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How has the sports medicine market size evolved in recent years?

In recent times, there has been a significant expansion in the size of the sports medicine market. It is projected to increase from $8.26 billion in 2024 to $8.87 billion in 2025, with a compound annual growth rate (CAGR) of 7.4%. The historical growth can be ascribed to factors such as military operations and conflicts, enhancement in commercial aviation, worldwide geopolitical shifts, regulatory norms and adherence, and volatility in fuel prices.

What are the predictions for the sports medicine market size in the coming years?

The market size for sports medicine is predicted to witness substantial growth in the upcoming years, and it is projected to expand to $12.03 billion by 2029, developing at a compound annual growth rate (CAGR) of 7.9%. The forecast period growth is attributable to factors such as increased military spending, widespread commercial aviation, cutting-edge developments in refuelling systems, sweeping global geopolitical shifts, and the uptake of sustainable aviation fuel types. The key trends to watch in the forecast period comprise the automation in refuelling systems, employment of unmanned aerial vehicles (UAVs), the conversion towards autonomous technologies, pioneering fueling methods, and heightened safety protocols.

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What key factors are fueling the growth of the sports medicine market?

An upward trend in sports-related injuries is likely to fuel the expansion of the sports medicine device market. A sports injury pertains to the variety of injuries that usually happens while participating in athletic activities. Sports medicine devices are not only employed for treating injuries but also for performance training, physical therapy, and preventing injuries. Consequently, an increase in sports injuries is anticipated to drive the growth of the sports medicine device market. For example, in October 2024, Insideworldfootball, a UK-oriented news service functioning online, reported that sports injures during the 2023-24 season touched a total of 4,123, illustrating a 4% rise in comparison to the 2022-23 season. Hence, the escalation in sports injuries is steering the growth of the sports medicine device market.

How is the global sports medicine market divided into key segments?

The sports medicine market covered in this report is segmented –

1) By Product: Orthopedic Devices, Body Reconstruction And Repair, Body Support And Recovery, Body Monitoring And Evaluation, Accessories

2) By Orthopedic Product: Artificial Joint Implants, Arthroscopy Devices, Fracture Repair Devices, Prosthesis, Orthobiologic

3) By Recovery And Support Product: Braces, Performance Monitoring Devices, Accessories, Other Recovery Products

4) By Application: Knee Injury, Shoulder Injury, Ankle-Foot Injury, Back-Spine Injury, Hand-Wrist Injury, Hip-Groin Injury, Arm-Elbow Injury

5) By End Users: Ambulatory Surgical Centers, Hospitals, Orthopedic Clinics, Other End Users

Subsegments:

1) By Orthopedic Devices: Braces And Supports, Splints, Orthopedic Implants

2) By Body Reconstruction And Repair: Surgical Instruments, Biologics, Soft Tissue Repair Devices

3) By Body Support And Recovery: Compression Wear, Rehabilitation Devices, Physiotherapy Equipment

4) By Body Monitoring And Evaluation: Wearable Sensors, Diagnostic Imaging Devices, Motion Analysis Systems

5) By Accessories: Ice Packs And Heat Wraps, Taping And Strapping Materials, Therapeutic Gel Packs

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Who are the key firms paving the way for growth in the sports medicine market?

Major companies operating in the sports medicine market include Stryker Corporation, Arthrex Inc., Zimmer Biomet Holdings Inc., Smith & Nephew plc, Mueller Sports Medicine Inc., Karl Storz SE & Co KG, CONMED Corporation, Johnson & Johnson, DJ Orthopedics LLC, Breg Inc., RTI Surgical Inc., Performance Health International Limited, Bauerfeind AG, Ossur Corporate, Cramer Product Inc., Medtronic plc, Bioventus LLC, Braun Melsungen AG, Hanger Inc., AlloSource Inc., Surgalign Holdings Inc., DePuy Synthes Companies, Acumed LLC, Integra LifeSciences Corporation, Orthofix Medical Inc., Medline Industries Inc., Musculoskeletal Transplant Foundation

Which trends are expected to transform the sports medicine market?

Technological innovation is a prominent trend emerging in the sports medicine device market. Major players in this market are concentrating on the evolution of new technologies. For example, in June 2023, Acuitive Technologies Inc., a medical device manufacturer based in the United States, launched the CITRELOCK ACL Tendon Fixation Device. This apparatus, designed with a spiral thread, enables easy installation and secure fixation without causing tendon damage. It integrates Citregen, a sophisticated resorbable material ideally suited for orthopedic use. The device emulates the natural composition of bone, thus ensuring a compressive strength comparable to cortical bone and a modulus similar to that of trabecular bone.

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What regions are contributing significantly to the growth of the sports medicine market?

North America was the largest region in the sports medicine device market in 2024. Asia-Pacific is expected to be the fastest-growing region in the sports medicine devices market report during the forecast period. The regions covered in the sports medicine devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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